WPT Enterprises, Inc. (NASDAQ:WPTE) and the Travel Channel entered into an agreement to air WPTE’s highly anticipated PROFESSIONAL POKER TOUR(TM) (PPT) television series. The PPT features a series of invitation-only tournaments that are limited to the highest-ranked players in the world. The PPT is expected to begin airing in the 3rd quarter of 2006 on Wednesday nights from 9-11 PM ET/PT, following the completion of Season Four of the WPT.

The World Poker Tour’s stock has plummeted from its highs this year and there’s no sign that a bounce back is quick in coming. Chief Financial Officer, Todd Steele, is expected to announce revenue for last quarter (fourth quarter 2005) in the $4.5 to $5 million range. Initially, this was pleasing news, but the company is now expected to announce pre-tax losses of $1.5-$2 million for last quarter.